Document Collections
INTRODUCING A SIMPLER WORLD.
Beneficial for both importer and exporter, documentary collections offer a cost-effective but secure means of trading internationally. The importer only effects payment in exchange for the documents of title for the goods shipped. And, you avoid the detailed requirements of opening a letter of credit. These documents can also assist the exporter by directing that the goods be released only upon the payment or acceptance of the draft by the importer. Other features and benefits include:
- Payment by buyer can generally be deferred until the goods arrive
- Reduced costs – bank charges are below those for letters of credit
- Minimized risk of premature release of goods
- Maximum convenience for both importer and exporter
